CenterPoint Pays Over $44M for Industrial Property

Seattle Daily Journal of Commerce   |   Brian Miller

Posted In — News & Press | In the News

A warehouse facility at 19826 Russell Road in Kent has sold for a little over $44.5 million, according to King County records. The seller was an LLC related to Iron Mountain, the records and data management company, which acquired the property in 2001 for $11 million. The buyer was CenterPoint Russell LLC. CenterPoint Properties of Chicago is the private logistics investment vehicle for CalPERS (the California Public Employees’ Retirement System).

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